Ethereum 1H Update After Support Break (Target Updated to $1444)

11 Jul 2022

Our main initial support was taken down but the bulls are still ahead, short-term.

ETHUSD failed to keep $1168 went straight through the 0.5. Fib. retracement level.

This is only short-term price dymanics, noise, and should be ignored.

Any trading above the ETHUSD 30-June low at $997 and we stay STRONGLY BULLISH.

The next immidiate support if $1136 fails is set at $1103 or the 0.618 fib. retracement level, followed by $1056.

The target has also been updated to $1444+.

Thank you for reading.

Feel free to leave a comment with your questions.

Namaste.